The global Ulexite market stood at approximately 916 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 8.10% during the forecast period until 2034.
Ulexite serves as the primary boron source for fiberglass production, with boron oxide, extracted from ulexite. Additionally, ulexite finds application in specialty glass production, including borosilicate glass (e.g., Pyrex), renowned for its heat resistance, utilized in laboratory equipment, cookware, and telescopes. In the ceramics industry, boron compounds from ulexite serve as glazing agents, enhancing the strength and aesthetics of ceramic products like tiles and tableware. In the construction and automotive sectors, it contributes to heat and sound insulation, imparting fire-retardant properties to cellulosic materials and heat-resistant fabrics. Additionally, in glass and ceramics production, ulexite acts as a flux, lowering fusing points and enhancing resistance against thermal shocks, thereby improving the mechanical and chemical properties of end products like glazes and enamels. Ulexite is also integral in the production of borax decahydrate, borax pentahydrate, anhydrous borax, and boric acid. Moreover, its low solubility makes it a preferred choice in fertilizers for sandy soils, while in the gold refinery industry, it aids in slag formulation to dissolve metal oxides. Furthermore, ulexite contributes to reducing the fusing, formation, and fluidization temperatures of glass, enhancing coating wetting properties, matching thermal expansion, improving appearance, facilitating glaze maturation, and increasing resistance against chemicals and water.
The Ulexite market is witnessing notable trends driven by the increasing demand for advanced optical materials. Additionally, heightened interest from scientific and educational sectors contributes to the dynamic shifts shaping the industry. Furthermore, Ulexite's distinctive properties, including its ability to lower glaze and enamel melting points, are projected to drive increased adoption in the ceramics and glass sectors. Ulexite serves as a crucial component in glass production, functioning as a flux to lower fusing points and enhance resistance against thermal shocks. In ceramic and enamel glaze formulations, it improves mechanical and chemical properties, often comprising 3-24% of lead-containing glazes. Similar boron-based chemicals aid in glass and ceramic production by reducing fusing temperatures, improving coating wetting properties, matching thermal expansion, enhancing appearance, maturation, and mechanical strength, and providing resistance against chemicals and water, while also serving as a basis for colouring additives. This growth trajectory is propelled by the rising need for high-strength, lightweight ceramics in diverse applications such as fertilizer industry, indicating expanding opportunities for Ulexite in these sectors. The global Ulexite market is likely to reach approximately 2200 thousand tonnes in 2034.
Geographically, Asia Pacific stands as one of the leading consumers of Ulexite due to several key factors. Firstly, the region's robust telecommunications industry, driven by rapid technological advancements and expanding infrastructure, drives significant demand for Ulexite's unique fiber optic characteristics, which are crucial for telecommunications applications. Additionally, the growing emphasis on sustainability and environmentally friendly materials in Asia Pacific contributes to the uptake of Ulexite, given its natural and eco-friendly attributes, particularly in industries such as electronics, construction, and transportation. Moreover, the region's burgeoning ceramics and glass industries further bolster the consumption of Ulexite, with its special properties, including the ability to lower melting points of glazes and enamels, catering to the diverse needs of these sectors. Furthermore, Asia Pacific's expanding economies, including China, India, and Southeast Asian countries, witness substantial demand from the fertilizer sector, driving demand for Ulexite across various applications.
Based on the end-user applications, the global Ulexite market is divided into Fertilizer, Glass & Ceramics, Chemical, and Others. Among these, Fertilizer is the major segment and held about 40% of the global Ulexite market in 2023. Also, Glass & Ceramics sector is the second biggest user of Ulexite. Ulexite is employed in manufacturing borax decahydrate, borax pentahydrate, anhydrous borax, and boric acid.
Significant players in the Global Ulexite market are Rio Tinto, In Cide Technologies, ETI MADEN, American Borate Company, Minera Santa Rita, Quiborax, BISLEY, Amalgamated Metal Corporation and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Ulexite which covers production, demand and supply of Ulexite market in the globe.
• To analyse and forecast the market size of Ulexite
• To classify and forecast Global Ulexite market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ulexite market in the globe.
To extract data for Global Ulexite market, primary research surveys were conducted with Ulexite manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Ulexite market over the coming years.
ChemAnalyst calculated Ulexite demand across the globe by analyzing the volume of Ulexite consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Ulexite manufacturers and other stakeholders
• Organizations, forums and alliances related to Ulexite distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ulexite manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Ulexite market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
916 thousand tonnes
Market size Volume in 2034
2200 thousand tonnes
Growth Rate
CAGR of 8.10% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process, Foreign Trade.
Segments covered
By End-Use: (Fertilizer, Glass & Ceramics, Chemical, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of Ulexite in terms of volume in 2023?
Ans:
The global market size of Ulexite has reached approximately 916 thousand tonnes in 2023.
Q2.
Which region is one of the leading consumers of Ulexite?
Ans:
The Asia Pacific region is one of the leading consumers of Ulexite globally.
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